I'm not suggesting short $SPX
, but it has formed a wolfe wave
. Confirmed with a break of 1930. Initial target at 1800. Not too big on tech patterns, but wolfe waves
have been uncannily good in the past and offer great r/r. If $SPX
is even capable of going red anymore. This current move in SPX
is overextended even for the bull run SPX
has been on. Only going up 2 pips is the new correction in SPX
. If it starts to dive, there is a ton of air to go however. Just a possibility in the coming weeks.